Well lets hope you didn't. You don't wanna end up like margy here getting his stops murdered.
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Short UBER Aug 29, 2022 10:08 AM Pacific 28.98 Stop = 33.47
- Thread starter margin_gamble
- Start date
He would have made out like a bandit!
You're missing data, Gother. Could not update or make any changes here beacuse I was banned from Sept 9 - today. Ban was lifted today.
But don't be discouraged, keep trying, eventually you will catch me in a losing trade. But not today. And note all the times you followed me around blasting my calls like on Apple, Pfizer and EurUsd. See the threads in Stocks forum.Thus far you're batting zero.
By the way, Gother, if you have any doubts about my ban, you can verify with your boss, Overnight. .....
.....UBER details:
Got rid of the STOP 33.47 as Price approached as I had a better Stop for just a mere few bucks more. The Trendline worked and gave a doji.
Added to short: 100k shares at 33.83
Original short was 10k shares at 28.98.
Average = 33.39
cover at = 33.09 (i.e. just above major resistance at 32.94.
Therefore now on market money, no Loss is possible if Stop gets taken out. And of course the profit will be worthless. But NO Loss.
Now I try again to make something of this trade next week. If Stop is taken out, I will revisit at a better time and nail it again.
(This does not count shares already in short play from before as they were not posted at ET)
Got rid of the STOP 33.47 as Price approached as I had a better Stop for just a mere few bucks more. The Trendline worked and gave a doji.
Added to short: 100k shares at 33.83
Original short was 10k shares at 28.98.
Average = 33.39
cover at = 33.09 (i.e. just above major resistance at 32.94.
Therefore now on market money, no Loss is possible if Stop gets taken out. And of course the profit will be worthless. But NO Loss.
Now I try again to make something of this trade next week. If Stop is taken out, I will revisit at a better time and nail it again.
(This does not count shares already in short play from before as they were not posted at ET)
Always good to see Nine_Ender show up to give a Like to anyone bashing yours truly.
Readers will note how Nine_Ender keeps bringing up a poster he is hung up about for 12 years - a poster named "deadbroke" who he says is ME and is now therefore hung up about me. Nine_Ender loves our PROSE, diction and writing style. Most of all he loves how we never get top calling right.
A very easy to perform psychology experiment can be done with Overnight, Nine_Ender, GotherL & Maxinger: ask them this: Has MG done evern one thing, just one thing right?
Their answer will be NO.
Even the one ex who took me to court a long time ago was asked this same question by the Judge and she said, "No, he is worthless, never done anything right!" so the Judge changed his style of questioning to this ..........
Has he been a good provider? She said, "yes, the best"
Has he beaten you physically? NO
Has he cheated on you? NO
Does he love you? Yes
Do your parents like him? Yes, my mother loves him like a son
Judge: Divorce is denied!
Learn boy, learn before its too late ............
Obvious downtrend = lower lows lower highs
Bear rally
downsloping 200-day
Both Downtrendlines intact
Rally runs into resistance at 61.8%, repelled and then tries again and exceeds it slightly.
RSI weakness and then at the end, canot even cross 70 thus giving big divergence
Trade was placed when Price was below the 200-day and having trouble crossing it. A good enough reason to go short.
He would have made out like a bandit!
You're missing data, Gother. Could not update or make any changes here beacuse I was banned from Sept 9 - today. Ban was lifted today.
Thus far you're batting zero.
Let me see.... my math concurs. This is a losing trade.
Wouldn't surprise me too much for the following reason:
UBER stock is still in the bear rally and there is bullishness residual. So it is troublesome for me, no question about it. but at least I will not lose. Will gain sweet f-all but for sure No loss. If it does not go straight down from here on Monday and during the week, then it will take out my stop knock me out of the trade.
If US Indexes rally on Monday, its likely UBER will retest the top and knock me out of the trade.
Live and Die in LA! Live for nithin, die for somethin
Wouldn't surprise me too much for the following reason:
UBER stock is still in the bear rally and there is bullishness residual. So it is troublesome for me, no question about it. but at least I will not lose. Will gain sweet f-all but for sure No loss. If it does not go straight down from here on Monday and during the week, then it will take out my stop knock me out of the trade.
If US Indexes rally on Monday, its likely UBER will retest the top and knock me out of the trade.
Live and Die in LA! Live for nithin, die for somethin
You're losing. I'll never understand the utter stupidity of the unrealized loss outside of obvious tax obligations.
Young fellas like This guy are getting robbed blind by UBER. Shenanigans will surface more and more as the BEAR progresses.
Stealing tips, cutting pay, deactivating for bogus reasons and lawsuits up the ying yang ....
Stealing tips, cutting pay, deactivating for bogus reasons and lawsuits up the ying yang ....